JOKE DANIELS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
JOKE DANIELS
Largest movements
- Financial fixed assets +€411,000
up €411,000 (+117%), from €350,000 to €761,000
- Receivables within one year +€68,181
up €68,181 (+85.7%), from €79,519 to €147,700
of which Other amounts receivable: +€63,981
- Debts after one year +€250,158
up €250,158 (+141%), from €177,365 to €427,524
- Other debts +€120,133
up €120,133 (+19,979%), from €601 to €120,734
- Current portion of long-term debt +€51,440
up €51,440 (+74.7%), from €68,837 to €120,277
- Reserves +€42,286
up €42,286 (+31.2%), from €135,556 to €177,842
- Tax, wage and social debts +€15,578
up €15,578 (+34.7%), from €44,913 to €60,491
- Financial charges +€41,819
up €41,819 (+359%), from €11,649 to €53,469
of which Non-recurring financial charges: +€35,000
- Gross operating margin -€8,225
down €8,225 (-6.3%), from €129,754 to €121,529
- Taxes -€7,732
down €7,732 (-23.6%), from €32,812 to €25,081
- Other operating charges -€2,338
down €2,338 (-83.5%), from €2,799 to €462
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €431,794 | €912,379 | +€480,585 | +111% |
| Fixed assets | 21/28 | €350,000 | €761,000 | +€411,000 | +117% |
| Financial fixed assets | 28 | €350,000 | €761,000 | +€411,000 | +117% |
| Current assets | 29/58 | €81,794 | €151,379 | +€69,585 | +85.1% |
| Amounts receivable within one year | 40/41 | €79,519 | €147,700 | +€68,181 | +85.7% |
| Trade receivables | 40 | €37,900 | €42,100 | +€4,200 | +11.1% |
| Other amounts receivable | 41 | €41,619 | €105,600 | +€63,981 | +154% |
| Cash at bank and in hand | 54/58 | €2,275 | €3,679 | +€1,404 | +61.7% |
| Total equity and liabilities | 10/49 | €431,794 | €912,379 | +€480,585 | +111% |
| Equity | 10/15 | €138,556 | €180,842 | +€42,286 | +30.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €135,556 | €177,842 | +€42,286 | +31.2% |
| Distributable reserves | 133 | €135,556 | €177,842 | +€42,286 | +31.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €293,239 | €731,537 | +€438,298 | +149% |
| Amounts payable after more than one year | 17 | €177,365 | €427,524 | +€250,158 | +141% |
| Financial debts | 170/4 | €177,365 | €427,524 | +€250,158 | +141% |
| Amounts payable within one year | 42/48 | €115,874 | €303,552 | +€187,678 | +162% |
| Current portion of amounts payable after more than one year | 42 | €68,837 | €120,277 | +€51,440 | +74.7% |
| Trade debts | 44 | €1,523 | €2,050 | +€528 | +34.6% |
| Suppliers | 440/4 | €1,523 | €2,050 | +€528 | +34.6% |
| Taxes, remuneration and social security | 45 | €44,913 | €60,491 | +€15,578 | +34.7% |
| Taxes | 450/3 | €44,913 | €60,491 | +€15,578 | +34.7% |
| Other amounts payable | 47/48 | €601 | €120,734 | +€120,133 | +19,979% |
| Accrued charges and deferred income | 492/3 | - | €462 | +€462 | |
| Other operating charges | 640/8 | €2,799 | €462 | -€2,338 | -83.5% |
| Gross operating margin | 9900 | €129,754 | €121,529 | -€8,225 | -6.3% |
| Operating profit (loss) | 9901 | €126,954 | €121,067 | -€5,887 | -4.6% |
| Financial income | 75/76B | €294 | €601 | +€307 | +105% |
| Recurring financial income | 75 | €294 | €601 | +€307 | +105% |
| Financial charges | 65/66B | €11,649 | €53,469 | +€41,819 | +359% |
| Recurring financial charges | 65 | €11,649 | €18,469 | +€6,819 | +58.5% |
| Non-recurring financial charges | 66B | - | €35,000 | +€35,000 | |
| Profit (loss) for the period before taxes | 9903 | €115,598 | €68,200 | -€47,399 | -41.0% |
| Income taxes | 67/77 | €32,812 | €25,081 | -€7,732 | -23.6% |
| Profit (loss) for the period | 9904 | €82,786 | €43,119 | -€39,667 | -47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €82,786 | €43,119 | -€39,667 | -47.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.